Gov’t enacts bill to allow fair competition

The government has announced in the state media that it will implement a Competitiveness Bill on May 11 to allow fair competition and prevent speculation. The bill consists of 12 chapters and 53 sections and allows for organising inspection commissions when necessary. Section 14 prevents confining the distribution of services and goods and restricts price […]

Chinese merchants manipulating Myanmar jade market

Myanmar gem merchants accused their Chinese counterparts of manipulate the jade prices out of concern that they would lose out to foreign competitors as more and more Westerners are entering the business. The accusations were made after the 50th Myanmar Gems Emporium, held at the Nay Pyi Taw recently. At the Gems Emporium, 272 gem […]